How much must a person save monthly at an interest of 7.3% to buy a $15,000 car in five years? Assume an inflation rate of 6% per year for the next five years. Answer in whole number.

Intermediate Algebra
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Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
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How much must a person save monthly at an interest of 7.3% to buy a $15,000 car in five years? Assume an inflation rate of 6% per year for the next five years. Answer in whole number. 

 

 

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